Commentary: We wrte yesterday that “the EURUSD may drop below 1.4330 without first challenging 1.4452 and complete wave C (and larger wave 4) of the A-B-C decline from 1.4967. A potential terminus for the decline is where wave C = wave A at 1.4309. “ The EURUSD is approaching this level now but there is no sign of a bottom forming near current price, indicating that the decline could extend into the 1.4100 area. For more on this, see the Special Report that we published yesterday.
Strategy: Flat
Al Bawaba
